Thank yourself for smart decisions

Class A+++ fridge uses up to 60% less energy than Class A fridge.

Hybrid vehicles emit 20% - 40% less CO2 than fuel-only cars.

Heating bills can be up to 40% lower in insulated flats.

Information Source: Elektrum Energy Efficiency Centre

If you plan a purchase or home renovation costing up to 20 000 euros, Swedbank's small loan is the right choice.

Special offer: 0 Eur administration fee. Save at least 30 Eur. Offer valid from 2020.10.26 until 12.06.

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Home renovation

Longing for a smart home renovation? Swedbank home small loan might do!

We spend most of our life indoors, so the interior must be inspiring and made of quality materials. Market nowadays offers a wide variety of eco-friendly construction materials. Also, important – the furniture. Perhaps invest into renovating the vintage furniture from your parent's or grandparent's home? When buying new, look for FSC certification - it ensures the wood's harvested sustainably. When it comes to design, ascetic is a good idea because it will not bore you. You can always add a touch of mood and personality through different interior accessories!

There are ways to make your home energy efficient, too. First – insulation. As simple as that. An investment that repays both in terms of finance and environment. The second – installing a smart home system that tailors energy consumption to your specific needs.

If you wish to renovate your house or purchase a small real estate up to 20 000 euros, Swedbank's home small loan is the way to go.

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Choosing a car

Making a smart choice on your future car? Swedbank car loan might do!

Car is a long-term investment, so it has to be well thought-through. In order to make a smart decision, study parameters such as fuel consumption and CO2 emission level. Electric cars, hybrids and gasoline fueled cars emit less CO2, but the market nowadays also offers eco-friendly renewable diesel fuels.

Buying a pre-owned car is a sustainable idea. But beforehand, do a good research on the intended car to find out its true mileage and repair history. Take a test drive to a car service and listen to the mechanic's opinion.

If you're picking a car that costs up to 20 000 euros, Swedbank's car loan is a convenient way for financing it.

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Solar panels

Thinking about a sustainable energy source? Swedbank loan for solar panels might do!

Solar energy usage is an investment that certainly pays off, especially in the long run. Thanks to decreasing costs, solar energy has become available to many. While some still think that Lithuanian weather is not suited for producing solar energy, actually the amount of sunshine days in Lithuania is similar to that in UK or Germany. Not to mention the fact that current technologies allow producing solar energy on cloudy days as well.

Solar panels can be set up on almost all kinds of roofs – except for the thatched ones. If the roof is not suitable for solar panels (e.g. if trees cast shadow on it), the panels can also be mounted on the ground. There are different types of panels - they vary by price, efficiency, ability to produce energy during cloudy days and other factors.

If you’re planning to install solar panels and your property is already connected to the electric grid, Swedbank’s loan for solar panels is a reasonable way for financing it.

New! Special conditions with a fixed interest rate.

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What’s good to know when borrowing?

Use product calculators to make an estimate of monthly payments suitable for you.

If possible, repay the loan earlier. It is free of charge and this way you will save on interest on the loan.

Do you want to borrow more than 5000 euros for refurbishment of your home? Consider the option to use Swedbank’s Home Small Loan as the interest rate for it is lower.

Loan payments may not exceed 40% of your monthly income.

Pay attention to what is the total cost of the credit, not only the interest rate - read the terms of the agreement carefully.

If you’re struggling with loan repayment, keep in mind that you can arrange a solution with the bank or apply for grace period.

Please note, that by using financial services you assume financial obligations. Improper execution of financial obligations may adversely affect your credit history and raise the cost of borrowing, and it can also cause initiation of enforced recovery.

Example of calculation of the annual percentage rate of charge

Consumer loan:

If you applied for a consumer loan amounting to EUR 3 000 with credit agreement duration (and loan repayment term) of 5 years with the annual flat rate of 16 % and the following applicable fees: a minimum daily services fee (EUR 0.70 per month) for natural persons‘ as established by the Bank; agreement administration fee of EUR 45; monthly payments EUR 74 using annuity method, then, the total consumer credit annual percentage rate would be 18.8 %, and the total amount paid by the Consumer Loan receiver would be EUR 4491.

Home small loan:

If you applied for a home small loan amounting to EUR 10,000 with credit agreement duration (and loan repayment term) of 10 years (the number of instalments – 119) with the fixed annual interest rate of 11 % and the following applicable fees: a minimum daily services fee (EUR 0.70 per month) for natural persons’ as established by the Bank; agreement administration fee of EUR 100; monthly payments of EUR 140 using annuity method, then, the credit annual percentage rate would be 12.2 %, and the total amount paid by the credit receiver would be EUR 16,835.

Car loan:

If you applied for a consumer loan amounting to EUR 5 000 with credit agreement duration (and loan repayment term) of 5 years with the annual flat rate of 11 % and the following applicable fees: monthly minimum daily services fee (0.70 EUR per month); agreement administration fee of EUR 50; monthly payments EUR 108.88 using annuity method, then, the total consumer credit annual percentage rate would be 12.58 %, and the total amount paid by the Consumer Loan receiver would be EUR 6 583.32.

Loan for solar panels:

If you take a consumer loan in the amount of EUR 6 000, with the duration of the agreement (and the maturity) being 10 years, the annual fixed interest rate being 4.9%, paying the fixed minimum bank’s fee for everyday services (EUR 0.70/month), an agreement administration fee of EUR 95, and paying monthly payments of EUR 64 by annuity, the annual percentage rate of charge (APRC) would be 5.7%, and the total amount paid by the borrower would be EUR 7 787. The interest rate has been set with a discount that might be cancelled and the annual fixed interest rate of 15% may be set if the loan is not used according to its purpose, which may result in a bigger APRC.

Calculations of the annual percentage rate of charge and the total amount payable by the borrower are based on assumptions that the total credit amount will be disbursed by the Bank to the borrower on the day of signing the Credit agreement, the parties to the Credit agreement will fulfil their obligations arising from the Credit agreement in observance of the terms and conditions established therein, the annual interest rate, the amount of fees and other charges will be the same as at the time of concluding the Credit agreement and will apply until the expiration of Credit agreement.

Thank yourself for smart decisions

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